MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, is set to acquire fund administration business of Maitland, a privately owned global advisory, administration, and family office firm. Financial terms were not disclosed. When completed, the acquisition will add approximately $20bn in assets under administration to MUFG Investor Services, bringing the total AUA to over $600bn and expanding the firm’s market share in major markets. The assets consist of hedge funds and private equity funds. “By adding Maitland’s capabilities and technology, we are able to reaffirm our commitment to the alternative asset servicing space and ensure our clients continue to receive the best possible support.” John Sergides, MUFG Investor Services CEO.